WTW
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Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.
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A judge for the Miami-Dade County Court has ordered Aon and individual defendants in the Miami facultative team poaching case to avoid doing reinsurance brokerage business with the defendants’ former Willis Towers Watson clients.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.
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The Week in Brief: FM Global’s vaccine mandate, Hippo on going public, Hagerty SPAC deal redemptionsInside P&C’s news team runs you quickly through the key developments from the last week.
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Rate increases were down from just below 8% in the second quarter, with professional lines registering the biggest increases from the prior year.
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The promotion comes shortly after Willis hired Marsh’s Scott Pizzi to lead property broking in North America.
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The CEO-designate's comments at the Morgan Stanley conference on Friday were a marked – and welcome – change of tone.
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Willis president Carl Hess said that hiring rates have dramatically increased in his firm's corporate risk and broking business.
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Inside P&C’S news team runs you quickly through the key developments from the last week.
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In an interview, the new Gallagher Re CEO noted that his former company had been weighed down by nearly two years of uncertainty, telling this publication: “That stops today.”
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The group CEO also observed that the Big Three reinsurance brokers do have a competitive moat based on their scale.